ABC Procurement Model

The ABC Procurement Model is a method used by organizations to prioritize purchasing efforts based on the value or importance of items. It classifies items into three categories: A, B, and C. 'A' items are high-value or critical, requiring careful management and frequent review. 'B' items are of moderate value and need regular oversight. 'C' items are low-value or less critical, managed with simpler controls. This approach helps organizations focus resources on what matters most, optimizing inventory management, reducing costs, and ensuring the right items are available when needed.